Bank of America: Raises next year's gold and silver price forecasts to $5,000 per ounce and $65 per ounce

Jinse Finance reported that Bank of America has raised its gold and silver price forecasts for next year to $5,000 per ounce (with an average of $4,400 per ounce) and $65 per ounce (with an average of $56 per ounce), respectively. The extreme imbalance in the physical silver market may normalize at some stage, thereby increasing volatility.